prices for certified diamonds remained at the same level amid a low-profile trade during the exhibition in Las Vegas, Rapaport reported. The mood in the American retail jewelry sector has improved in connection with the strengthening of confidence among consumers, the growth of employment in the country and the emergence of upward trends in the real estate market and the stock market. However, weakness in other areas created an atmosphere of caution in the trade in diamonds.
While the mood in Las Vegas was positive, the trade in diamond products was slow, but in line with expectations. The exhibition signaled the stability of demand for jewelry in American retail, which raised forecasts for the second half of the year. The Far East and Indian markets remain cautious, while the US continues to be the basis for a global diamond and jewelry market.
In May, the RapNet diamond index (RAPI ™) for certificated diamonds weighing one carat decreased by 0.1 percent. RAPI for stones weighing 0.30 carats increased by 2.1 percent, based on a stable demand for affordable commercial diamonds. RAPI for stones weighing 0.50 carats decreased by 0.1 percent and RAPI for stones weighing 3 carats increased by 0.8 percent.
During the first five months of this year, polished prices for most sizes remained stable, while prices for 0.30 carat stones increased by 8.7 percent amid rising demand in the Far East for this commodity category.